PNC Financial Services Group Inc. Sells 8,129 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

PNC Financial Services Group Inc. decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,768 shares of the company’s stock after selling 8,129 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.28% of SPDR S&P Dividend ETF worth $59,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in SPDR S&P Dividend ETF by 14.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,626 shares of the company’s stock valued at $657,000 after purchasing an additional 588 shares during the period. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at about $31,000. Verdence Capital Advisors LLC increased its position in SPDR S&P Dividend ETF by 3.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,327,000 after purchasing an additional 343 shares during the period. Assetmark Inc. increased its position in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its position in SPDR S&P Dividend ETF by 1.9% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 101,088 shares of the company’s stock valued at $14,358,000 after purchasing an additional 1,869 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $138.67 on Monday. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88. The company’s 50-day simple moving average is $134.10 and its two-hundred day simple moving average is $137.80. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.